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Author Topic: **PRESIDENT TRUMP**OFFICIAL THREAD***TRUMP COIN***OFFICIAL THREAD  (Read 267986 times)
Depredation
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March 09, 2016, 10:49:15 PM
 #681

i think reward should be reduced but block time remain the same

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1574222015
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Reply with quote  #2

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Lucky7btc
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March 10, 2016, 03:38:09 AM
 #682

i think reward should be reduced but block time remain the same

I agree, I think DEV will be making a mistake if he doesn't reduce the reward and make this coin rarer.
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March 10, 2016, 05:26:08 AM
 #683

Time for a little ideological plug

Truth - Logic - Reason and philosphical thinking.
It is the underlining theme of the coin

The Untruth About Donald Trump


I second this!  Fantastic rebuttal of John Oliver's propaganda piece.  After the wall on our southern border is built, I hope Trump turns his attention towards California.  Ship all the libtards there and wall it off.  Let the degenerates stew in their own self-righteousness until, Trump-willing (praise be to his name), the San Bernardino fault line sets off a 10 on the Richter scale and these smug fucks sink into the Pacific once and for all.

In the spirit of less bitching and more actual helping, I'm going to start publishing regular reports here about mining costs to help everyone to keep pace with those trends.
I believe this data is very useful for miners and traders alike.

This uses current Nicehash rental prices and YoBit for references.


Block: 12007
Coin count: 4,001,750

Mining cost: 0.54 BTC/GHS/Day
Est Coin Return: 109,348.125 TRUMP/GHS/Day
Mining cost per TRUMP: 0.00000494 BTC

Market floor at Coin Return Depth: 0.00000300

Mining profit per coin: -0.00000194

I don't find it useful to analyze the data in this way.  In fact, I generally ignore mining costs altogether when I am attempting to judge the health of the market and determine if the coin in question is under or over sold.

1)The price on Nicehash is going to vary day to day, because the demand for hash power is going to vary day to day.  PEPE coin had the price for X11 hash up to 0.8 BTC per GHs just a day ago.

2)Nicehash represents the mining costs to a TINY sliver of miners, specifically miners who are renting hashrate on specifically Nicehash.  Electricity costs vary widely around the world and efficiency of GPUs does as well.  Nicehash is not a reliable measuring stick for calculating the cost of a GH.

3)Traders don't care about mining costs.  They care about whether or not they are making a profitable trade.  Dumping below the price of mining cost is pants on head retarded for miners.  Dumping below the price of mining cost is still perfectly logical for a trader, if he bought those coins above the current price.  You are assuming the dumps are all coming from miners.  I assure you, they are not.  Some of these coins are getting bounced back and forth multiple times a day by traders.  It's a natural and healthy part of price discovery.

I like to look at things like this :

250 TRUMP x 720 blocks per day = 180000 TRUMP x 0.000004 BTC = 0.72 BTC of daily buy volume needed to support a price of 400 satoshis.  A measly 0.72 BTC per day if all the coins were being dumped.

The volume for the past 24 hours is 2.82 BTC.  The total marketcap of TRUMP currently is a little over 16 BTC.  Looking back on the volume TRUMP had during it's pump, it's easy to surmise that a significant # of TRUMP coin is being traded back and forth.  These are not miner dumps.  These are traders, IMHO.
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March 10, 2016, 01:34:20 PM
 #684

i think reward should be reduced but block time remain the same

I agree, I think DEV will be making a mistake if he doesn't reduce the reward and make this coin rarer.

+  A great reward is killing this coin

"Bыcшaя дoбpoдeтeль в тyндpe тepпeниe и ocтopoжнocть. Bыcшaя дypocть лeзть нaпpoлoм. Oгибaй, выжидaй, тepпи."
Aктyaльнo и для тpeйдингa.
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March 10, 2016, 02:05:32 PM
Last edit: March 10, 2016, 02:50:37 PM by Signal7
 #685

The volume for the past 24 hours is 2.82 BTC.  The total marketcap of TRUMP currently is a little over 16 BTC.  Looking back on the volume TRUMP had during it's pump, it's easy to surmise that a significant # of TRUMP coin is being traded back and forth.  These are not miner dumps.  These are traders, IMHO.


We're saying the same thing Wink


Smart miners are caching their coins into exchange wallets right now to create buffers between what they do and what you do. They aren't dumping them yet.

Miners know the difference between dumping and dumbping.
The standoff between miners and traders can be observed with some really simple math.

Quote
Current Miner Rental Stats:

Block: 12468
Difficulty: 75
Coin count: 4,117,000

Mining cost: 0.42 BTC/GHS/Day
Est Coin Return: 128,663.987 TRUMP/GHS/Day
Mining cost per coin: 0.00000327 BTC

Market floor at Coin Return Depth: 0.00000167

Mining profit per coin: -0.00000160


So cost is a little cheaper today and profit rose slightly but still negative and not profitable mining.

When profit per coin rises above 0, you will start to see mining dumps ramping up. When profit per coin nears the double mark of the raw cost, you will see very steady heavy dumping. That is the point where competition for hashes switches to competition to exchange.

Yesterday's raw cost was around 500 sat/coin. Today's is down to 327. Today's tipping point is 700.

Believe that every day, many times a day, miners are snapshotting these statistics. But current statistics are really just an entry point.
Miners with larger caches that have been at it for a bit and/or run private rigs, have cheaper exchange points at very high volumes.


Quote
250 TRUMP x 720 blocks per day = 180000 TRUMP x 0.000004 BTC = 0.72 BTC of daily buy volume needed to support a price of 400 satoshis.  A measly 0.72 BTC per day if all the coins were being dumped.

Our math roughly aligns. Mine is just from a miner's perspective and yes, does fluctuate with rental demands and a plethora of other factors. Both perspectives, yours and mine, tell the future when looked at together.
What I'm showing you is that truly invested miners will not be dumping on that 400 mark because even if that price had a wide enough floor to support a large dump, it would be a loss after exchange fees.


So I suppose price suppression by traders is sensible if traders want to maximize their profits at lower price floors. I totally get that. But by doing this, traders are shorting miners on coin production costs and forcing many of them to mine at a loss, effectively creating a Ponzi in the market built around unfair trade and market manipulations and bag holders. This is why they dump. They have to. It's the Us or Them mentality. Some will be patient and hold their caches until, as it has been said, weak knees shake. But some very smart miners are lurking in the background waiting to dump their caches. They don't care about the traders because the traders don't care about them. They will suppress back when the tables turn.

The tables always turn. Always.



EDIT: I just want to point out that I'm not attacking this coin. I believe what I am saying applies equally to most alts out there. Our current situation is very common.




Let's make Crypto GREAT Again!
www.TrumpCoin.com
jpcfan
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March 10, 2016, 02:19:37 PM
 #686

I see TRUMP staying around 400-500 for awhile

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March 10, 2016, 02:28:17 PM
 #687

Quote

250 TRUMP x 720 blocks per day = 180000 TRUMP x 0.000004 BTC = 0.72 BTC of daily buy volume needed to support a price of 400 satoshis.  A measly 0.72 BTC per day if all the coins were being dumped.



As long as the price stays below what is profitable to miners, there is a deficit adding up. Yes, at 400 sat, that deficit is, as you have correctly identified, growing at a MINIMUM rate of 0.72 BTC per day.

You are also correct in that 0.72 can withstand today's coin production.

But miners didn't get paid yesterday, or the day before that, or the day before that. From the miner's perspective, traders owe them a ton of BTC right now.

I believe the majority of miners absolutely HATE (or should hate) Nicehash because of this situation which inflates mining costs and difficulties unnaturally and unfairly, spooks investors, and destroys fair trade.

We can't ignore this and pretend like it doesn't exist and then go "WTF just happened" when a good idea fails because the market crashed. It seriously needs to be addressed. The longer investors sit around and let the debt accumulate, the higher the breakout mark gets and the more doomed the economy will be.

It hasn't gotten too far away yet. It can still be corrected. But it'll never happen as long as price suppression occurs against high coin production rates.

Let's make Crypto GREAT Again!
www.TrumpCoin.com
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March 10, 2016, 02:38:20 PM
Last edit: March 10, 2016, 02:59:22 PM by jpcfan
 #688

just need Donald to mention trumpcoin once at a rally

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March 10, 2016, 02:48:59 PM
 #689

just need Dinald to mention trumpcoin once at a rally

Just once. That's all it would take.  Roll Eyes

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March 10, 2016, 02:59:50 PM
 #690

thanks for the trump faucet.

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March 10, 2016, 03:09:18 PM
 #691

Trump is not going to be mentioning Trump coin at a rally IMO. I don't see how that could help him.

https://bitcointalk.org/index.php?action=trust;u=186785
Here is the link to my trust settings here on forum. This trust system is very unfair. I make good on every deal Ive ever made. I had many, many deals as you can see and I never scammed anyone. All it takes is a random account to give you negative trust and youre screwed. Tomatocage has never even talked to me ever but when the random acct hit me with negative trust, Tomatocage came right behind him and marked neg trust again so obviously he was the one who did it. You can look at Tomatocage trust and see how many of his compeditors at the currency exchange thread he labeled scammers. I never scammed anyone. My trust was green over 20 before this. I hope it never happens to you because the mods cant help you.
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March 10, 2016, 05:17:22 PM
 #692

Trump is not going to be mentioning Trump coin at a rally IMO. I don't see how that could help him.

You know you can tweet it to him. He does read the tweets personally. He has mention a forum that im on several times. Because they have tweeted him...
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March 10, 2016, 06:14:11 PM
 #693

So will this coin die soon?
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March 10, 2016, 06:23:42 PM
 #694

So will this coin die soon?

nope

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March 10, 2016, 07:57:09 PM
 #695

as long as Trump is still winning, this coin will not die

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March 10, 2016, 10:00:00 PM
 #696

It's a good time to point your mining rigs at TrumpCoin.

Mined coins are currently down to 220 sats for renters while difficulty is low.

Current Block: 12713
Difficulty: 25.66061285
Total Coins: 4,178,250

Avg Mining Rental: 0.43146 BTC/GHS/Day
Est Coin Return: 195986.819773916 Coins/GHS/Day
Cost Per Coin: 0.00000220

Dump Depth: 0.00000016 BTC

Total Dump Value: 0.34779080 BTC
Dump Value Per Coin: 0.00000177 BTC

Profit Per Coin: -0.00000043 BTC
Total Profit: -0.08427433 BTC


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March 11, 2016, 05:30:48 AM
 #697

Moving trumpcoin.rocks to a new server with DDoS Protection same for the explorer.
Trying to finish search transactions function and design for TrumpBlock
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March 11, 2016, 10:32:55 AM
 #698



CYBER GUARANTY CORP - FREE & INDEPENDENT, GUARANTEED & SECURE, COOPERATIVE DIGITAL BANKING
"Give me the liberty to know, to utter, and to argue freely according to conscience, above all liberties." - Areopagitica
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March 11, 2016, 11:39:43 AM
 #699



A member sent me this message. These are useful suggestions.



Quote
Have you ever used Fivver ?

https://www.fiverr.com/categories/online-marketing/social-marketing#layout=auto&page=3 
That's a link to one of their sections,people do absolutely anything for a fiver! My son used to use them to win competitions,he realised that was what others did so he gave it ago and he never had a bad deal. I suppose Twitter would be the most useful.
Unfortunately they don't take Trumps,it's paypal  but if its not useful for Trump Coin it's a useful site for all sorts ideas for future reference
Anyway,hope your keeping well


My day job is running a small business (sound design company). There is only so much I can do. Heres the challenge.
Anyone up for running the Facebook Trump Coin page?
Anyone up for organising a signature campaign.
They would have to be paid in Trumps , not BTC.
More Faucets
Can anyone help in any other way to spread the word?


Twitter is going fine. The focus there is on people who might be interested in adopting/buying/trading, not so much
random people just to increase the follow count.



Lets move the convo away from from mining. Lets get the convo on a more TRUMPISH LEVEL Smiley


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March 11, 2016, 11:41:43 AM
 #700



Always good stuff  Cheesy

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